Chinese Listed Companies Are Buying Back Shares, Incurring Massive Losses

[Epoch-Times-Bot]

Chinese Listed Companies Are Buying Back Shares, Incurring Massive Losses

Amid a massive foreign capital exodus, Chinese listed companies have been buying back their own shares and incurring huge losses.
More than 1,300 listed companies and various equity funds in China have made frequent share buybacks in China A-shares and Hong Kong stocks this year, with a sharp peak at the end of October.
According to the Shenzhen Securities Times, a Chinese state-controlled business news site, 1,315 China A-share listed companies have completed 1,500 share repurchases this year as of Nov. 2, with the total amount reaching 186.5 billion yuan ($25.48 billion), an increase of more than 80 percent over the same period last year.  
Taiwan's Central News Agency reported that only 22 of China’s 2,296 equity funds made a profit in the first 10 months of this year, with returns ranging from 0.1 percent to 26 percent. The remaining 99 percent lost money, with 50 companies losing 37 to 45 percent of their investments....

Source: Chinese Listed Companies Are Buying Back Shares, Incurring Massive Losses

[xenzol]

инфоинфоинфоинфоинфоинфоинфоинфоинфоинфоинфоинфоинфоинфоинфоинфоинфоинфоинфоинфоинфоинфоинфо
инфоинфоинфоинфоинфоинфоинфоинфоинфоинфоинфоинфоинфоинфоинфоинфоинфоинфоинфоинфоинфоинфоинфо
инфоинфоинфоинфоинфоинфоинфоинфоинфоинфоинфоинфоинфоинфоинфоинфоинфоинфоинфоинфоинфоинфоинфо
инфоинфоинфоинфоинфоинфоинфоинфоинфоинфоинфоинфоинфоинфоинфоинфоинфоинйоинфоинфоинфоинфоинфо
инфоинфоинфоинфоинфоинфоинфоинфоинфоинфоинфоинфоинфоинфоинфоинфоинфоинфоинфоинфоинфоинфоинфо
инфоинфоинфоинфоинфоинфоинфоинфоинфоинфоинфоинфоинфоинфоинфоинфоинфоинфоинфоинфоинфоинфоинфо
инфоинфоинфоинфоинфоинфоинфоинфоинфоинфоинфоинфоинфоинфоинфоинфоинфоинфоинфоинфоинфоинфоинфо
инфоинфоинфоинфоинфоинфоинфоинфоинфоинфоинфоинфоинфоинфоинфоинфоинфоинфоинфоинфоинфоинфоинфо
инфоинфоинфоинфоинфоинфоинфоинфоинфоинфоинфоинфоинфоинфоинфоинфоинфоинфоинфоинфоинфоинфоинфо
инфоинфоинфоинфоинфоинфоинфоинфоинфоинфоинфоинфоинфоtuchkasинфоинфо